Germany's Vincorion profit jumps in Q1 as orders surge

Vincorion Se

07/05/2026 07:00

May 7 (Reuters) - German defence supplier Vincorion V1NC.DE reported on Thursday first-quarter adjusted operating profit of 12.4 million euros ($14.57 million), up 30% compared to the same quarter of last year.

The vehicle systems segment reported a 60% jump in revenue compared to Q1 2025, driven by significantly higher demand for stabilisation products as well as spare parts

Order intake in Q1 reached around 149 million euros, nearly four times the prior-year figure, while total order backlog grew to approximately 1.2 billion euros

The company confirmed its forecast for 2026

The firm, located in Wedel near Hamburg, focuses on power supply and mechatronics for defence platforms, producing systems such as generators for vehicles and air defence units, aircraft heating systems, and stabilisation technology for tanks

The company debuted on the Frankfurt stock exchange in March following a successful, multiple-times oversubscribed initial public offering (IPO), one of a number of listings planned this year by European defence firms benefiting from increase military spending

($1 = 0.8510 euros)

 (Reporting by Emanuele Berro, editing by Matt Scuffham)

 ((Emanuele.Berro@thomsonreuters.com; +48 587696510))